SOURCE: Informa Research Services, Inc.

Informa Research Services, Inc.

November 27, 2009 14:29 ET

Black Friday Bargains: Mortgage Rates Low, Shop Online

CALABASAS, CA--(Marketwire - November 27, 2009) - Thanksgiving is over, and that means Black Friday has arrived. While retailers across the nation will be pushing their sales, mortgage shoppers should not be forgotten. The national average 30-year fixed rate mortgage rate remains low, hovering around 5% according to Informa Research Services' Interest Rate Review. Informa Research Services suggests those looking for a low fixed mortgage use online resources such as E-Rate ( to find the lowest rate in your area.

Sites like E-Rate offer consumers a fast, efficient way to compare rates available from lenders in their area. Because the rates update regularly, the results found through E-Rate's mortgage rate search include the most recent and most accurate results. Furthermore, since E-Rate's mortgage rate tables include many smaller lenders, the rates found there are frequently lower than those found through larger financial institutions.

Overall, mortgage rates remain low and relatively steady. The average rate for a 30-year fixed rate mortgage is down more than 13% from one year ago. Moreover, the average rate for a 30-year fixed rate jumbo mortgage is down more than 19% to 6.02% from 7.45% one year ago, according to Informa Research Services.

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About Informa Research Services, Inc. (

Since 1983, Informa Research Services, Inc., has provided the financial industry's most extensive array of market research and decision-support information.

Contact Information

  • Contact:
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    Phone 818-880-8877
    Fax 818-880-2069
    26565 Agoura Road, Suite 300
    Calabasas, California 91302-1942